Team Lead in Affordable Housing responsible for underwriting and closing both debt and equity client transactions. Balancing client experiences with the Bank's risk while managing a small team.
Responsibilities
Lead underwriting and closing efforts for both debt and equity client transactions, focusing on customer experience while balancing the Bank’s risk profile
Work with each Project Manager to balance delivery expectations, work product quality, preservation of profitability, and the client experience
Manage customer relationships to negotiate, underwrite, approve, and close new equity investment and loan opportunities, primarily for affordable housing construction and development
Manage workflow both individually and for a 2-3 person peer team
Review due diligence standards with underwriting real estate transactions
Collaborate with internal teams and engage third-party professionals to coordinate drafting, collection, and review of documents and financial projections
Lead team in problem-solving including programmatic compliance or lending, tax, and accounting considerations
Simplify complex investment and finance concepts and multifamily development projects
Coordinate stakeholders in preparing and funding initial closing funds and transitions closed assets to the Asset Management team for ongoing relationship management
Ensure investments and loans are underwritten and closed in compliance with USB Credit Policy and other regulatory requirements
Requirements
Typically Bachelor's degree and eight or more years of related experience OR
MBA/JD with five or more years of directly related experience
Thorough understanding of tax credit investment management and knowledge of regulatory and company risk policies
Strong knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting
General real estate development and/or property management background preferred
Strong knowledge of LIHTC
Well-developed analytical and problem-solving skills
Effective interpersonal, verbal and written communication skills
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Job title
Project Management Team Lead – Impact Finance, Affordable Housing
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